Comedian/actor Chris Tucker got caught big-time in the housing crisis. A central Florida lakefront house that he purchased for $6 million in 2007 -- right before the housing market crashed -- was appraised at just $1.6 million in 2011. The bank claimed that he owed more than $4.4 million on the home, putting his mortgage seriously underwater. Read more on AOL Real Estate about Chris Tucker's foreclosure crisis.

In September 2010, Grammy winner Toni Braxton filed for bankruptcy. She owed over $50 million, but her assets only totaled $10 million. To make up some of the debt, her $2.6 million home in Nevada was sold in foreclosure for a little more than $1 million. Read more on AOL Real Estate about Toni Braxton's financial troubles.